The Inflationary Path to Despotism

April 2nd, 2010

Saturday, April 10, 2010, in Phoenix, AZ, the Ludwig von Mises Institute will hold a seminar titled The Inflationary Path to Despotism. As the title suggests, the seminar will deal with how the debasement of a nation’s currency often leads to despotism.

With our fedgov now inflating the dollar at unprecedented rates, this event should be of interest to all gold and silver investors who live in the Phoenix area.

The seminar is smartly planned. It will be short, with the welcome at 9:30 a.m. and the closing remarks at 2:00 p.m. See the invitation below for more details and how to register. Most registering is done online.

Despite it being a short seminar, five top speakers are on the schedule, including Charles Goyette, a former Phoenix radio talk show host and now New York Times bestselling author of The Dollar Meltdown.

Other speakers include Douglas French, who received his doctorate under the tutelage of Murray Rothbard. French is an authority on bubbles, as in the recent housing bubble that just about crashed the world’s financial system.

Thomas DiLorenzo has authored or co-authored ten books and is well known for his criticism of the myth that Roosevelt’s New Deal ended the Great Depression. DiLorenzo is an economics professor at Loyola University.

Jeffrey Tucker is an authority on the works of Henry Hazlitt, one the 20th century’s great economists and writers. Tucker presently serves as the editorial vice president of the Mises Institute.

Robert Murphy earned his doctorate at NYU and today is a prominent voice for free market economics. Murphy was once employed by Art Laffer, of the famous Laffer Curve.

I and most of the CMIGS brokers will be at the seminar. We would love to see as many CMIGS client as possible there. To encourage you to be there, CMIGS is buying breakfast for CMIGS clients who attend.

The breakfast will be in the Arctic Room at 7:00 a.m. Starting that early, we should have ample time to discuss the metals markets and current events that affect the metals markets, such as inflation and fedgov mandated programs.

If you plan to join us for the breakfast, please call Shannon or Jenny at 602-234-2300 and let them know. The restaurant needs to know how many to plan for.

The Mises invitation is below. Note than online registration is available.

The Inflationary Path to Despotism (Mises Circle, Sponsored by James M. Rodney)

April 10, 2010
Phoenix, Arizona, Hilton Airport

Register Here (Students: see end of this page for Student Scholarship Application.)

From Ancient Rome through modern-day America, money inflation has been the means by which the state extracts wealth without recourse to taxation.

Such a monetary policy leads to gutting savings, punishing investment, and the launching of economic cycles and even soaring prices and banking disasters. But perhaps the greatest cost is in human liberty itself. The intellectual tragedy here is that few make the connection between the quality of money and the rise of despotism.

The prospect of hyperinflation in our future is the great horror that awaits us on the current path. It will not only mean death to the dollar but the rise of a ghastly statism.

This Mises Circle is devoted to exploring the relationship and providing a path toward permanent freedom. Admission is $85 per person and this includes lunch. Through the generosity of James M. Rodney, each attendee will receive a complimentary copy of Henry Hazlitt’s The Inflation Crisis and How to Resolve It.

James W. Fogal CFP®, Director of Development for the Institute, is available during breaks and after adjournment to discuss charitable/tax saving strategies.

Location: Grand Ballroom of Hilton Phoenix Airport. Accommodations: call 480-894-1600 before March 19 and mention Mises Institute for a rate of $139 per night single or double, plus tax. .

Scholarships for full-time students are available. To apply, open the student scholarship form with Adobe Acrobat and save the completed form in pdf on your computer. Email the saved file plus a copy of your student ID, or fax to 734-448-8148.

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